Propylene is a colorless and flammable feedstock material used in the manufacture of a variety of products such as polyester compounds and solvents in the paint and plastics industries.
Due to higher upstream energy prices and plant turnarounds, propylene prices in Asia rose slightly.
The unexpected closure of China's Shanghai SECCO also added to the minor correction in the price.
Shanghai SECCO Petrochemicals produces ethylene, propylene, polyethylene, polypropylene, benzene, toluene, byproducts etc, with the most advanced process technology in the world.
Sources reported that while propylene seller bids in China were raised to US $970 per metric ton CFR, those in South East Asia were up $1050 per metric ton CFR levels.
However, buyers resist these offers with the lowered demand for polypropylene, but the traders are optimistic, provided that the crude prices, including naphtha, continue to rise.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
